Almost a year since I sold my tow “accidental” rentals for some decent profit.

Are you interested in rehabbing homes and selling them for a profit?

I fear this may be my biggest hurdle while getting started.The AskAre there relationships where a wholesaler has a contractor to estimate the repair cost of properties and the wholesaler give the contractor a portion of the profits for the properties that are sold?

If property taxes are $10K per year and they live there for 10 years 'rent' free, that uses some of that 'profit'. 

No....taxes, profit or loss, are the same or worse putting it in an LLC. 

I would like some good ideas with some rough cost estimates to build a profitable apt. building here with the new high-capacity incentive rules recently approved by LA City Government. 

Here is the journal entry on the original seller financeSpecifically what to do with Down Payment to Receive, Loan Receivable account, and Property Sale Profit account?

Profit potential; I Love the Ocean.How did you find this deal and how did you negotiate it?

If my tenants believe for any reason that I'm profiting off this money or the interest of this money in any way, that's a bad mark against me in the landlord-tenant relationship.

Subtract commissions, closing costs, concessions, requested repairs, and my private lender’s profit and we’ll walk away smiling and thanking Jesus for the opportunity he’s given us to make this money but also smiling that a new family will get to enjoy this home.How did you find this deal and how did you negotiate it?